Aurora Innovation (NASDAQ:AUR) Releases Earnings Results

Aurora Innovation (NASDAQ:AUR) released its earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, Zacks reports.

Aurora Innovation Stock Performance

NASDAQ AUR traded down $0.55 during trading on Wednesday, hitting $6.45. 14,753,610 shares of the company’s stock traded hands, compared to its average volume of 15,023,290. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of -13.16 and a beta of 2.85. The business has a 50 day moving average of $7.04 and a 200-day moving average of $5.80. Aurora Innovation has a 12-month low of $2.10 and a 12-month high of $9.83.

Insider Transactions at Aurora Innovation

In other Aurora Innovation news, Director Reid Hoffman sold 447,046 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $5.04, for a total value of $2,253,111.84. Following the completion of the transaction, the director now owns 26,892 shares in the company, valued at $135,535.68. This trade represents a 94.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gloria R. Boyland sold 30,000 shares of Aurora Innovation stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $6.30, for a total value of $189,000.00. Following the transaction, the director now directly owns 344,647 shares of the company’s stock, valued at $2,171,276.10. The trade was a 8.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,014,883 shares of company stock worth $5,389,459 over the last quarter. Corporate insiders own 13.83% of the company’s stock.

Wall Street Analyst Weigh In

AUR has been the topic of several research analyst reports. Canaccord Genuity Group boosted their price objective on Aurora Innovation from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. TD Cowen boosted their price target on shares of Aurora Innovation from $3.00 to $4.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Wolfe Research initiated coverage on shares of Aurora Innovation in a report on Tuesday, November 26th. They set a “peer perform” rating for the company. Cantor Fitzgerald assumed coverage on shares of Aurora Innovation in a research note on Tuesday, December 10th. They issued an “overweight” rating and a $10.00 target price on the stock. Finally, The Goldman Sachs Group raised their price target on shares of Aurora Innovation from $2.00 to $2.50 and gave the stock a “sell” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Aurora Innovation presently has an average rating of “Hold” and a consensus price target of $6.30.

About Aurora Innovation

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.